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Keys to Job Costing so You Can Increase Your Profitability Keys to Better Job Costing in QuickBooks so You Can Increase Your Profitability Helping businesses make dollars & sense with QuickBooks 301-696-1303 www.muirassoc.com
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Keys to Job Costing so You Can Increase Your Profitability Monica Mitchell Muir Helping businesses make dollars & sense with QuickBooks 301-696-1303 www.muirassoc.com
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Keys to Job Costing so You Can Increase Your Profitability Helping businesses make dollars & sense with QuickBooks 301-696-1303 www.muirassoc.com Keys to Better Job Costing in QuickBooks Common Problems Common Mistakes 4 Keys to Job Costing
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Keys to Job Costing so You Can Increase Your Profitability Helping businesses make dollars & sense with QuickBooks 301-696-1303 www.muirassoc.com Common Problems Under/over estimate job costs Difficulty tracking job costs Lack of confidence in reports Competitive economy Smaller profit margins Time to get tasks done
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Keys to Job Costing so You Can Increase Your Profitability Helping businesses make dollars & sense with QuickBooks 301-696-1303 www.muirassoc.com Common Mistakes Version won’t support what you want Poor Setup Incorrectly using QuickBooks Mis-using or not using items Not using power tools Missing out on good reports
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Keys to Job Costing so You Can Increase Your Profitability Helping businesses make dollars & sense with QuickBooks 301-696-1303 www.muirassoc.com 1.Essentials QuickBooks version Setup
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Keys to Job Costing so You Can Increase Your Profitability Helping businesses make dollars & sense with QuickBooks 301-696-1303 www.muirassoc.com Version of QuickBooks For feature comparison chart and videos www.muirassoc.com/gic
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Keys to Job Costing so You Can Increase Your Profitability Setup is Key Preferences Chart of Accounts Classes Items Job Helping businesses make dollars & sense with QuickBooks 301-696-1303 www.muirassoc.com
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Keys to Job Costing so You Can Increase Your Profitability Setup is Key Preferences - Jobs Helping businesses make dollars & sense with QuickBooks 301-696-1303 www.muirassoc.com
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Keys to Job Costing so You Can Increase Your Profitability Setup is Key Preferences - Payroll Helping businesses make dollars & sense with QuickBooks 301-696-1303 www.muirassoc.com
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Keys to Job Costing so You Can Increase Your Profitability Setup is Key Preferences – Sales/Work Order Helping businesses make dollars & sense with QuickBooks 301-696-1303 www.muirassoc.com
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Keys to Job Costing so You Can Increase Your Profitability Setup is Key Preferences – T & M Helping businesses make dollars & sense with QuickBooks 301-696-1303 www.muirassoc.com
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Keys to Job Costing so You Can Increase Your Profitability Setup is Key Chart of Accounts Job expenses are COGS (including labor costs) Helping businesses make dollars & sense with QuickBooks 301-696-1303 www.muirassoc.com
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Keys to Job Costing so You Can Increase Your Profitability Setup is Key Helping businesses make dollars & sense with QuickBooks 301-696-1303 www.muirassoc.com Job Cost with Items and Classes instead of so many income and COGS accounts Chart of Accounts
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Keys to Job Costing so You Can Increase Your Profitability Setup is Key Helping businesses make dollars & sense with QuickBooks 301-696-1303 www.muirassoc.com Simplify with Classes
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Keys to Job Costing so You Can Increase Your Profitability Setup is Key Items are KEY! Helping businesses make dollars & sense with QuickBooks 301-696-1303 www.muirassoc.com Setup Item to capture costs
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Keys to Job Costing so You Can Increase Your Profitability Setup is Key Create Jobs in Customer List (Customer:Job) Helping businesses make dollars & sense with QuickBooks 301-696-1303 www.muirassoc.com
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Keys to Job Costing so You Can Increase Your Profitability Sales Costs Helping businesses make dollars & sense with QuickBooks 301-696-1303 www.muirassoc.com 2. Transactions
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Keys to Job Costing so You Can Increase Your Profitability Helping businesses make dollars & sense with QuickBooks 301-696-1303 www.muirassoc.com Sales Estimates Work Orders Invoices
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Keys to Job Costing so You Can Increase Your Profitability Enter Estimates in QuickBooks Helping businesses make dollars & sense with QuickBooks 301-696-1303 www.muirassoc.com Sales
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Keys to Job Costing so You Can Increase Your Profitability Helping businesses make dollars & sense with QuickBooks 301-696-1303 www.muirassoc.com Invoices From Estimate From Work Order Time & Materials
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Keys to Job Costing so You Can Increase Your Profitability Costs Labor Materials Subs Equipment Helping businesses make dollars & sense with QuickBooks 301-696-1303 www.muirassoc.com
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Keys to Job Costing so You Can Increase Your Profitability Job Costing Labor Time Tracking Payroll Helping businesses make dollars & sense with QuickBooks 301-696-1303 www.muirassoc.com
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Keys to Job Costing so You Can Increase Your Profitability Job Costing Labor Timesheets Paycheck Helping businesses make dollars & sense with QuickBooks 301-696-1303 www.muirassoc.com
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Keys to Job Costing so You Can Increase Your Profitability Job Costing Labor Helping businesses make dollars & sense with QuickBooks 301-696-1303 www.muirassoc.com Reports
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Keys to Job Costing so You Can Increase Your Profitability Materials and Subs Items Purchase Orders Accounts Payable vs Write Check Helping businesses make dollars & sense with QuickBooks 301-696-1303 www.muirassoc.com
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Keys to Job Costing so You Can Increase Your Profitability Helping businesses make dollars & sense with QuickBooks 301-696-1303 www.muirassoc.com Use Items for Job expenses Materials and Subs
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Keys to Job Costing so You Can Increase Your Profitability Helping businesses make dollars & sense with QuickBooks 301-696-1303 www.muirassoc.com Purchase Orders for tracking what’s due Materials and Subs
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Keys to Job Costing so You Can Increase Your Profitability Helping businesses make dollars & sense with QuickBooks 301-696-1303 www.muirassoc.com Purchase Orders for tracking what’s due Materials and Subs
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Keys to Job Costing so You Can Increase Your Profitability Materials and Subs Helping businesses make dollars & sense with QuickBooks 301-696-1303 www.muirassoc.com Accounts Payable vs. Write Check More reporting options Costs are all in one place Know costs before payment due Easier for cash flow
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Keys to Job Costing so You Can Increase Your Profitability Materials and Subs Helping businesses make dollars & sense with QuickBooks 301-696-1303 www.muirassoc.com
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Keys to Job Costing so You Can Increase Your Profitability Materials and Subs Helping businesses make dollars & sense with QuickBooks 301-696-1303 www.muirassoc.com
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Keys to Job Costing so You Can Increase Your Profitability Equipment Cost equipment for job – Real data or flat figure – Use for future bidding Helping businesses make dollars & sense with QuickBooks 301-696-1303 www.muirassoc.com
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Keys to Job Costing so You Can Increase Your Profitability Helping businesses make dollars & sense with QuickBooks 301-696-1303 www.muirassoc.com Equipment
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Keys to Job Costing so You Can Increase Your Profitability Helping businesses make dollars & sense with QuickBooks 301-696-1303 www.muirassoc.com Equipment
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Keys to Job Costing so You Can Increase Your Profitability Power Tools Add-ons Helping businesses make dollars & sense with QuickBooks 301-696-1303 www.muirassoc.com 3. Streamline
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Keys to Job Costing so You Can Increase Your Profitability Helping businesses make dollars & sense with QuickBooks 301-696-1303 www.muirassoc.com QuickBooks Power Tools Templates – Estimate, Invoice, Purchase Order, Sales/Work Order Batch – Invoices, Timesheets Memorized Transactions – Recurring, Complex, Automatic/not Groups – Items, Memorized Transactions, Reports
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Keys to Job Costing so You Can Increase Your Profitability Helping businesses make dollars & sense with QuickBooks 301-696-1303 www.muirassoc.com Add-ons Benefits Does what you need/want more easily Cuts down on double-entry Saves times Fewer errors Can save money Examples Intuit’s Merchant services or payroll Time-tracking:TSheets Industry Specific: CLIP/HindSite/Landscape Mgmt Network Method Integration Transaction Pro Importer Reporting: QQube
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Keys to Job Costing so You Can Increase Your Profitability 4. Monitor and Analyze Check Points Key Reports Customize Reports Helping businesses make dollars & sense with QuickBooks 301-696-1303 www.muirassoc.com
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Keys to Job Costing so You Can Increase Your Profitability Check Points During project After project Helping businesses make dollars & sense with QuickBooks 301-696-1303 www.muirassoc.com
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Keys to Job Costing so You Can Increase Your Profitability Key Job Reports Helping businesses make dollars & sense with QuickBooks 301-696-1303 www.muirassoc.com During Project Time Costs Invoiced to date Expenses Not Assigned to Jobs Unbilled Costs Committed Costs Cost to Complete
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Keys to Job Costing so You Can Increase Your Profitability Key Job Reports Helping businesses make dollars & sense with QuickBooks 301-696-1303 www.muirassoc.com During Project - Time
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Keys to Job Costing so You Can Increase Your Profitability Key Job Reports Helping businesses make dollars & sense with QuickBooks 301-696-1303 www.muirassoc.com During Project
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Keys to Job Costing so You Can Increase Your Profitability Key Job Reports Helping businesses make dollars & sense with QuickBooks 301-696-1303 www.muirassoc.com During Project
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Keys to Job Costing so You Can Increase Your Profitability Key Job Reports Helping businesses make dollars & sense with QuickBooks 301-696-1303 www.muirassoc.com During Project - Invoiced
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Keys to Job Costing so You Can Increase Your Profitability Key Job Reports Helping businesses make dollars & sense with QuickBooks 301-696-1303 www.muirassoc.com During Project - Invoiced
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Keys to Job Costing so You Can Increase Your Profitability Key Job Reports Helping businesses make dollars & sense with QuickBooks 301-696-1303 www.muirassoc.com After Project Profitability –Job Profitability –Customer Profitability –Product/Service Profitability –Division (Class) Estimated vs Actual Time
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Keys to Job Costing so You Can Increase Your Profitability Key Job Reports Helping businesses make dollars & sense with QuickBooks 301-696-1303 www.muirassoc.com After Project
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Keys to Job Costing so You Can Increase Your Profitability Key Job Reports Helping businesses make dollars & sense with QuickBooks 301-696-1303 www.muirassoc.com After Project – Product/Service
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Keys to Job Costing so You Can Increase Your Profitability Key Job Reports After Project - Division Helping businesses make dollars & sense with QuickBooks 301-696-1303 www.muirassoc.com
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Keys to Job Costing so You Can Increase Your Profitability Key Job Reports After Project - Division Helping businesses make dollars & sense with QuickBooks 301-696-1303 www.muirassoc.com
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Keys to Job Costing so You Can Increase Your Profitability Q &A and More… Helping businesses make dollars & sense with QuickBooks 301-696-1303 www.muirassoc.com FREE Free QB Package of Your Choice Monica Mitchell Muir 301-696-1303 support@muirassoc.com www.muirassoc.com/gic FREE 2 nd Free QB Package of Your Choice with survey
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